Freshworks (NASDAQ:FRSH) Now Covered by Analysts at KeyCorp

KeyCorp started coverage on shares of Freshworks (NASDAQ:FRSH) in a report issued on Monday, Benzinga reports. The brokerage set an “overweight” rating and a $18.00 price target on the stock. KeyCorp’s target price would suggest a potential upside of 51.39% from the stock’s previous close.

FRSH has been the subject of a number of other reports. Guggenheim started coverage on shares of Freshworks in a report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price target for the company. Zacks Research cut shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Piper Sandler lifted their target price on Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Cantor Fitzgerald raised their price objective on shares of Freshworks from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Freshworks presently has an average rating of “Moderate Buy” and a consensus target price of $14.46.

Freshworks Price Performance

FRSH opened at $11.89 on Monday. Freshworks has a 52-week low of $6.79 and a 52-week high of $13.99. The company has a 50 day moving average of $11.82 and a two-hundred day moving average of $9.80. The company has a market cap of $3.10 billion, a P/E ratio of 18.58, a P/E/G ratio of 9.91 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The firm had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. During the same period in the prior year, the firm earned $0.18 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Research analysts anticipate that Freshworks will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Philippa Lawrence sold 52,767 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $13.25, for a total transaction of $699,162.75. Following the completion of the transaction, the chief accounting officer directly owned 389,296 shares in the company, valued at $5,158,172. This represents a 11.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jennifer Taylor sold 6,618 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total value of $69,091.92. Following the completion of the sale, the director directly owned 62,673 shares in the company, valued at $654,306.12. This represents a 9.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 80,003 shares of company stock valued at $969,494. Insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Freshworks

Hedge funds have recently made changes to their positions in the business. Generation Investment Management LLP acquired a new position in Freshworks during the 2nd quarter valued at about $6,392,000. Assenagon Asset Management S.A. bought a new stake in Freshworks during the second quarter worth approximately $2,565,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in Freshworks by 403.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock worth $11,596,000 after buying an additional 1,157,277 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Freshworks by 80.7% in the first quarter. Principal Financial Group Inc. now owns 765,475 shares of the company’s stock valued at $6,147,000 after buying an additional 341,947 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Freshworks by 209.6% during the 1st quarter. First Trust Advisors LP now owns 262,849 shares of the company’s stock valued at $2,111,000 after acquiring an additional 177,963 shares during the last quarter. Institutional investors own 75.58% of the company’s stock.

About Freshworks

Freshworks Inc (NASDAQ: FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its platform is intended for organizations of various sizes and combines tools for customer support, IT service management, sales, marketing and other business functions.

The company’s product portfolio includes Freshdesk for customer service and support, Freshservice for IT and employee service management, Freshsales for customer relationship management, and Freshmarketer for marketing automation and optimization.